Crypto market rebounds, with the world’s largest cryptocurrencies spiking. This follows the news from the US SEC which does not consider Ethereum a security.
After showing a rapid surge last week, the price of Ethereum continues growing, while the future status of the cryptocurrency is still uncertain.
Bitcoin and Ethereum prices are going down while investors and traders are holding their breath in the run-up to the May 7 SEC hearing.
A former US Government regulator and Goldman Sachs partner, Gary Gensiern believes that unlike Bitcoin, the other major altcoins Ethereum (ETH) and Ripple (XRP) should be considered unregistered securities.